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New Construction
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New Construction Excell Fund, LLC is preleasing Greeley Market Center, a 104,600 sq.ft. center located at the intersection of 10th Street and 30th Avenue in Greeley, CO. Opening is slated for next year. The center has space available of 84,000 sq.ft., as well as outlots of 30,000 sq.ft. and 50,000 sq.ft. Area demographics include a population of 104,437 within five miles earning $36,396 as the average household income. Market rent is $15 psf, while asking rent is $8 psf with CAM of $1 psf and taxes of $1 psf. For more information, contact Steven M. Cersonsky, Excell Fund, LLC, 2 Steele Street, Suite 201, Denver, CO 80206; 303-320-5557, Fax 303-377-6167; Email: steve@excellfund.com; Web site: www.excellfund.com.
The Paradise Group is preleasing the Paradise Shops of Ocoee, a 25,000 sq.ft. center located at the intersection of Highway 50 and Bluford Avenue in Ocoee, FL. Opening is slated for January 2005. The center has spaces available of 1,200 sq.ft.; 2,181 sq.ft. and 2,400 sq.ft. Area demographics include a population of 131,772 within five miles earning $64,020 as the average household income. Asking rent is $23 psf with CAM of $3.50 psf. For more information, contact Doug Huckstep, The Paradise Group, 2901 Rigsby Lane, Safety Harbor, FL 34695; 888-734-7368, Fax 727-726-2337; Email: dhuckstep@paradisedev.com.
BHV Innisfree Ventures, LLC is developing On Broadway, a 180,000 sq.ft. center located at the intersection of Broadway and Jefferson in Redwood City, CA with an average daily traffic count of 35,000 vehicles. Opening is slated for September 2005. Anchors include Century Theatres and Cost Plus World Market. Area demographics include a population of 300,000 within five miles earning $110,000 as the average household income. Market and asking rent is $3 psf monthly with CAM of $0.60 psf. For more information, contact Scott Reynolds, BHV Innisfree Ventures, LLC, 2656 Bridgeway, Sausalito, CA 94965; 925-314-2700, Fax 925-314-2701.
Churchill & Banks Cos., LLC is preleasing Cottage Plaza, a 76,400 sq.ft. center located at the intersection of Cottage and Woodbine in Pawtucket, RI. Opening is slated for November. The center is anchored by Super Stop & Shop, Hollywood Video and Sally Beauty and has spaces available of 1,600 sq.ft. and 2,300 sq.ft., as well as an outlot of 3,600 sq.ft. For more information, contact Richard Baccari, Churchill & Banks Cos., LLC, 10 Guere Street, Providence, RI 02903; 401-273-8010, Fax 401-521-1539; Web site: www.churchillandbanks.com.
Royal Properties is preleasing ShopRite Shopping Center, a 120,000 sq.ft. center located at the intersection of Route 1 and Harvard Avenue in Stamford, CT. Opening is slated for January 2005. Asking rent is $42 psf with CAM of $3 psf and taxes of $3 psf. For more information, contact Jeff Kintzer, Royal Properties, 850 Bronx River Road, Bronxville, NY 10903; 914-237-3403, Fax 914-237-0196; Email: jskroyal@aol.com; Web site: www.royalproperties.com.
Freeman Commercial Real Estate is preleasing Shops on Little Creek, a 239,000 sq.ft. center located on Hanes Mall Boulevard in Winston-Salem, NC. Opening is slated for January 2005. The site has an average daily traffic count of 30,000 vehicles. Area retail includes Hanes Mall, Costco, Target, Wal*Mart, Sam’s Club, Best Buy, Circuit City and Bed Bath & Beyond. The center is situated on a land area of 32 acres. For more information, contact Jay Luke, Freeman Commercial Real Estate, 175 Kimel Park Drive, Suite 200, Winston-Salem, NC 27103; 336-768-4410, Fax 336-768-4413; Email: jay@freemancommercial.com; Web site: www.freemancommercial.com.
Iaboni Real Estate is preleasing Phase II of River Pointe of Algonquin located at the intersection of Randall and Algonquin Roads in Algonquin, IL. Opening is slated for later this year or early 2005. The center has spaces available of 1,600 sq.ft. to 25,000 sq.ft. and is anchored by JoAnn Stores and Office Depot. Cotenants include Jewel Foods. Area demographics include a population of 130,397 within five miles earning $85,100 as the average household income. Asking rents range from $25 psf to $30 psf with CAM of $1.57 psf and taxes of $2.10 psf. For more information, contact Deborah Iaboni, Iaboni Real Estate, 1156 Hutchings Avenue, Glenview, IL 60025; 847-998-8535, Fax 847-998-8606; Email: deborah@iabonirealestate.com.
Seltzer Commercial Real Estate is preleasing Foothill Plaza, a 9,200 sq.ft. center located at the intersection of Foothill and Magnolia in Monrovia, CA. Opening is slated for October. The center has spaces available of 1,200 sq.ft. to 6,000 sq.ft. and is anchored by California National Bank. Area demographics include a population of 255,400 within five miles earning $68,449 as the average household income. Asking rent is $2.75 psf monthly. The site has an average daily traffic count of 38,000 vehicles. For more information, contact Gregg Seltzer, Seltzer Commercial Real Estate, 253 26th Street, Suite 127, Santa Monica, CA 90402; 310-230-6724.
RG Properties, Inc. is preleasing Harbor Square, a 250,000 sq.ft. center located at the intersection of State Route 29 and Havemann Road in Celina, OH. Opening is slated for April 2005. Anchors include Wal*Mart Supercenter and is tenanted by Shoe Department and Rent-A-Center. Area demographics include a population of 40,792 within 10 miles earning $44,382 as the average household income. For more information, contact Steven Speranza, RG Properties, Inc., 8163 Old Yankee Road, Dayton, OH 45458; 937-291-6319, Fax 937-434-0824; Email: ssperanza@rgproperties.com; Web site: www.rgproperties.com.
The Cotswold Group is preleasing a 35,000 sq.ft. expansion at Village at Newtown South, a center located in Newtown, PA. Opening is slated for the Fall. The center is situated on a land area of 22 acres and the site has an average daily traffic count of 15,000 vehicles. Area demographics include a population of 100,719 within five miles earning $91,117 as the average household income. For more information, contact Robert Y. Swasha, The Cotswold Group, 229 Beechmont Drive, New Rochelle, NY 10804; 914-654-0035, Fax 914-654-0188; Email: cotswold@aol.com.
IBT Group, LLC is preleasing Valley Walk, a 15,600 sq.ft. center located at the intersection of Route 59 and Fox Valley Ring Road in Aurora, IL. The center is situated on a land area of 2.5 acres and has spaces available of 2,000 sq.ft.; 3,000 sq.ft. and 5,000 sq.ft. Opening is slated for January 2005. Anchors include Jamba Juice and Potbelly Sandwich Works, while tenants include Qdoba Mexican Grill and Beauty First. Area demographics include a population of 213,764 within five miles earning $69,421 as the average household income. The site has an average daily traffic count of 42,300 vehicles. For more information, contact Josh Busby, IBT Group, LLC, 850 West Jackson, Suite 701, Chicago, IL 60607; 312-421-3330, Fax 312-421-3331; Web site: www.ibtgroupllc.com.
TAG Real Estate, LLC is preleasing Fountain of Macomb, a 60,000 sq.ft. center located at the intersection of Hayes Road and 21 Mile Road in Macomb Township, MI. The center is situated on a land area of 7.5 acres and has spaces available of 1,400 sq.ft. to 20,000 sq.ft., as well as outlots up to 4,500 sq.ft. Opening is slated for July. Area demographics include a population of 87,910 within three miles earning $67,827 as the average household income. The site has an average daily traffic count of 41,074 vehicles. The center is anchored by Walgreens. Area retail includes Lifetime Fitness and Lakeside Mall. For more information, contact Nicolino A. Tartaglia, TAG Real Estate, LLC, Verona Drive, West Bloomfield, MI 48322-3316; 248-770-8894; Web site: www.tagrealestate.com. |